Little Rock USDA Loan Rates, Closing Costs & Stats

LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR

USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

Little Rock's 47 lenders originated 244 USDA loans during 2023. The total origination value was $43,640,000, with an average USDA loan value of $178,852.

Little Rock USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Little Rock averaged 6.83% for the week of 2024-05-17, compared to the national average (all USDA variants) of 6.75% for the same period.

Little Rock's average USDA mortgage closing costs are $4,430.

The average rate for the prior week (2024-05-10) was 6.97% and one month ago for the week of 2024-04-12, the average rate was 6.8%.

The average rate one year ago was 6.18%.

For refis of the same type during the week of 2024-05-17, the average rate was 6.37%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Little Rock USDA Loan Lenders by Rates & Fees

The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Little Rock level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
FirstTrust Home Loans, Inc. 54 6.79% $6,516
CORNERSTONE HOME LENDING, INC. 27 6.68% $6,871
FLAT BRANCH MORTGAGE, INC. 18 6.83% $6,313
Eagle Bank and Trust Company 16 6.49% $5,955
PRIMARY RESIDENTIAL MORTGAGE, INC. 11 6.82% $6,610
Bank of England 8 6.14% $5,822
UNITED WHOLESALE MORTGAGE, LLC 8 6.86% $5,209
First Security Bank 8 6.16% $3,338
Simmons Bank 6 7.02% $6,449
CROSSCOUNTRY MORTGAGE, LLC 6 6.62% $6,955
Centennial Bank 5 6.08% $7,086
Arvest Bank 5 6.53% $5,196
EVERETT FINANCIAL, INC. 5 7.13% $5,510
Chambers Bank 4 5.94% $5,215
First Horizon Bank 4 6.75% $5,175
SENTE MORTGAGE, INC. 4 6.94% $6,123
MOVEMENT MORTGAGE, LLC 4 7.09% $6,992
GERSHMAN INVESTMENT CORP. 3 7.00% $4,308
PILGRIM MORTGAGE LLC 3 7.46% $4,376
Citizens Bank 3 7.04% $5,037
First Community Bank 3 6.13% $5,994
GMFS LLC 2 6.00% $4,461
DAS Acquisition Company, LLC 2 6.38% $7,451
MORTGAGE INVESTORS GROUP, INC. 2 6.31% $5,196
NEWREZ LLC 2 6.63% $6,185
BANK OF LITTLE ROCK MORTGAGE CORPORATION 2 6.19% $4,973
Sierra Pacific Mortgage Company, Inc. 2 6.75% $6,377
EUSTIS AND AMERICAN MORTGAGE COMPANY 2 6.81% $5,179
First Financial Bank 2 6.38% $4,754
COMMUNITY MORTGAGE CORPORATION 2 6.56% $5,408
GUARANTEED RATE, INC. 2 7.13% $6,046
Waterstone Mortgage Corporation 1 6.63% $8,011
Assurance Financial Group, L.L.C. 1 5.99% $5,170
Blue Ridge Bank 1 6.13% $4,914
BROKER SOLUTIONS, INC. 1 7.25% $5,533
CARDINAL FINANCIAL 1 7.13% $2,513
ENCORE BANK 1 6.49% $4,383
Evolve Bank & Trust 1 6.88% $5,777
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.75% $4,958
Farmers Bank & Trust Company 1 6.25% $5,157
First Option Mortgage, LLC 1 6.00% $5,145
Gateway First Bank 1 6.75% $3,785
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.38% $7,595
Magnolia Bank 1 5.75% $5,442
MORTGAGE FINANCIAL SERVICES, LLC 1 6.63% $6,738
Paramount Residential Mortgage Group, Inc. 1 7.13% $6,698
Regions Bank 1 5.75% $6,357

The top Little Rock USDA lender as defined by loan originations is FirstTrust Home Loans, Inc., with 54 USDA loans originated. Their average total fees are $6,516, which is $355 lower than the next largest lender, CORNERSTONE HOME LENDING, INC..

The lowest fee Little Rock USDA lenders (with over 10 loans originated) are Eagle Bank and Trust Company ($5,955), FLAT BRANCH MORTGAGE, INC. ($6,313), FirstTrust Home Loans, Inc. ($6,516), PRIMARY RESIDENTIAL MORTGAGE, INC. ($6,610) and CORNERSTONE HOME LENDING, INC. ($6,871).

The lowest rate Little Rock USDA lenders (with over 10 loans originated) are Eagle Bank and Trust Company (6.49%), CORNERSTONE HOME LENDING, INC. (6.68%), FirstTrust Home Loans, Inc. (6.79%), PRIMARY RESIDENTIAL MORTGAGE, INC. (6.82%) and FLAT BRANCH MORTGAGE, INC. (6.83%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Little Rock (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $175,450 (9.7%) $244,331 (12.8%) 0.65 3,008
2018-02-01 $179,900 (11.5%) $245,904 (12.3%) 0.65 2,995
2018-03-01 $181,700 (7.7%) $244,910 (9.0%) 0.64 3,030
2018-04-01 $186,000 (10.1%) $250,433 (10.7%) 0.63 3,070
2018-05-01 $189,500 (11.5%) $257,179 (11.5%) 0.63 3,230
2018-06-01 $189,900 (10.1%) $258,144 (9.6%) 0.63 3,318
2018-07-01 $189,700 (8.5%) $254,737 (7.6%) 0.63 3,422
2018-08-01 $189,900 (9.0%) $251,646 (6.7%) 0.64 3,469
2018-09-01 $189,000 (8.1%) $251,925 (6.9%) 0.64 3,530
2018-10-01 $189,900 (9.1%) $251,662 (7.2%) 0.64 3,641
2018-11-01 $189,575 (8.6%) $251,143 (6.4%) 0.64 3,466
2018-12-01 $188,650 (7.9%) $250,221 (4.1%) 0.65 3,351
2019-01-01 $185,000 (5.4%) $248,271 (1.6%) 0.64 3,212
2019-02-01 $187,875 (4.4%) $251,484 (2.3%) 0.63 3,133
2019-03-01 $194,177 (6.9%) $258,861 (5.7%) 0.64 3,088
2019-04-01 $199,925 (7.5%) $267,156 (6.7%) 0.63 3,058
2019-05-01 $202,250 (6.7%) $272,654 (6.0%) 0.63 3,051
2019-06-01 $205,000 (8.0%) $275,687 (6.8%) 0.64 3,046
2019-07-01 $206,200 (8.7%) $276,181 (8.4%) 0.65 2,991
2019-08-01 $207,882 (9.5%) $278,146 (10.5%) 0.66 2,949
2019-09-01 $208,455 (10.3%) $277,680 (10.2%) 0.67 2,889
2019-10-01 $209,400 (10.3%) $277,511 (10.3%) 0.68 2,838
2019-11-01 $205,000 (8.1%) $274,075 (9.1%) 0.67 2,761
2019-12-01 $203,900 (8.1%) $276,556 (10.5%) 0.68 2,603
2020-01-01 $200,625 (8.5%) $276,571 (11.4%) 0.67 2,409
2020-02-01 $210,000 (11.8%) $281,206 (11.8%) 0.69 2,316
2020-03-01 $219,500 (13.0%) $285,048 (10.1%) 0.69 2,310
2020-04-01 $219,250 (9.7%) $283,617 (6.2%) 0.69 2,278
2020-05-01 $232,950 (15.2%) $295,020 (8.2%) 0.71 2,019
2020-06-01 $239,450 (16.8%) $304,708 (10.5%) 0.71 1,856
2020-07-01 $244,000 (18.3%) $311,645 (12.8%) 0.71 1,757
2020-08-01 $245,000 (17.9%) $319,699 (14.9%) 0.70 1,614
2020-09-01 $240,575 (15.4%) $320,572 (15.5%) 0.69 1,483
2020-10-01 $244,500 (16.8%) $329,144 (18.6%) 0.70 1,425
2020-11-01 $240,825 (17.5%) $329,422 (20.2%) 0.70 1,338
2020-12-01 $239,450 (17.4%) $330,942 (19.7%) 0.71 1,209
2021-01-01 $230,000 (14.6%) $331,887 (20.0%) 0.69 993
2021-02-01 $244,950 (16.6%) $335,296 (19.2%) 0.71 848
2021-03-01 $250,000 (13.9%) $341,334 (19.8%) 0.71 793
2021-04-01 $248,950 (13.6%) $342,671 (20.8%) 0.67 763
2021-05-01 $239,000 (2.6%) $334,528 (13.4%) 0.63 745
2021-06-01 $235,000 (-1.9%) $330,199 (8.4%) 0.62 819
2021-07-01 $245,000 (0.4%) $332,199 (6.6%) 0.65 989
2021-08-01 $249,450 (1.8%) $332,586 (4.0%) 0.67 1,081
2021-09-01 $249,450 (3.7%) $330,521 (3.1%) 0.67 1,089
2021-10-01 $249,000 (1.8%) $328,028 (-0.3%) 0.66 1,000
2021-11-01 $233,450 (-3.1%) $314,851 (-4.4%) 0.62 972
2021-12-01 $236,950 (-1.0%) $319,135 (-3.6%) 0.64 868
2022-01-01 $238,900 (3.9%) $317,773 (-4.3%) 0.65 772
2022-02-01 $242,425 (-1.0%) $334,573 (-0.2%) 0.63 667
2022-03-01 $251,950 (0.8%) $364,229 (6.7%) 0.63 691
2022-04-01 $285,000 (14.5%) $371,468 (8.4%) 0.68 712
2022-05-01 $289,900 (21.3%) $370,416 (10.7%) 0.66 833
2022-06-01 $289,799 (23.3%) $369,099 (11.8%) 0.65 940
2022-07-01 $280,000 (14.3%) $358,317 (7.9%) 0.63 1,154
2022-08-01 $279,000 (11.9%) $349,323 (5.0%) 0.65 1,262
2022-09-01 $284,900 (14.2%) $348,585 (5.5%) 0.67 1,250
2022-10-01 $296,750 (19.2%) $355,194 (8.3%) 0.70 1,309
2022-11-01 $289,950 (24.2%) $343,642 (9.1%) 0.70 1,453
2022-12-01 $299,900 (26.6%) $347,772 (9.0%) 0.74 1,344
2023-01-01 $300,000 (25.6%) $348,249 (9.6%) 0.74 1,230
2023-02-01 $303,745 (25.3%) $350,781 (4.8%) 0.73 1,134
2023-03-01 $303,500 (20.5%) $352,093 (-3.3%) 0.72 1,123
2023-04-01 $315,000 (10.5%) $358,708 (-3.4%) 0.73 1,119
2023-05-01 $313,450 (8.1%) $366,326 (-1.1%) 0.71 1,172
2023-06-01 $321,500 (10.9%) $377,181 (2.2%) 0.72 1,236
2023-07-01 $325,000 (16.1%) $386,719 (7.9%) 0.74 1,287
2023-08-01 $320,450 (14.9%) $381,768 (9.3%) 0.74 1,320
2023-09-01 $319,900 (12.3%) $367,463 (5.4%) 0.74 1,490
2023-10-01 $295,000 (-0.6%) $352,688 (-0.7%) 0.69 1,682
2023-11-01 $299,450 (3.3%) $360,011 (4.8%) 0.71 1,748
2023-12-01 $299,900 (0.0%) $356,070 (2.4%) 0.73 1,756
2024-01-01 $296,500 (-1.2%) $350,901 (0.8%) 0.72 1,669
2024-02-01 $299,450 (-1.4%) $353,066 (0.7%) 0.72 1,641
2024-03-01 $309,900 (2.1%) $361,595 (2.7%) 0.73 1,633
2024-04-01 $315,000 (0.0%) $372,747 (3.9%) 0.73 1,653
Little Rock's median listing price for 2024-04-01 was $315,000, a difference of $0 (0.0%) versus the prior year and $5,100 versus the prior month.

Little Rock's median listing price comes in at 73% of the national average.

Little Rock's average listing price for 2024-04-01 was $372,747, a difference of $14,039 (3.9%) versus the prior year and $11,152 versus the prior month.

For the 2024-04-01 period, Little Rock had 1,653 MLS listings, a difference of 20 listings (1%) versus the prior month and 534 listings (48%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Little Rock (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 77 days 1,909 sqft
2018-02-01 66 days 1,910 sqft
2018-03-01 55 days 1,928 sqft
2018-04-01 55 days 1,940 sqft
2018-05-01 52 days 1,952 sqft
2018-06-01 53 days 1,962 sqft
2018-07-01 55 days 1,957 sqft
2018-08-01 57 days 1,955 sqft
2018-09-01 60 days 1,937 sqft
2018-10-01 64 days 1,942 sqft
2018-11-01 66 days 1,925 sqft
2018-12-01 74 days 1,902 sqft
2019-01-01 72 days 1,900 sqft
2019-02-01 63 days 1,901 sqft
2019-03-01 55 days 1,945 sqft
2019-04-01 55 days 1,998 sqft
2019-05-01 53 days 2,012 sqft
2019-06-01 58 days 2,022 sqft
2019-07-01 59 days 2,035 sqft
2019-08-01 60 days 2,047 sqft
2019-09-01 63 days 2,037 sqft
2019-10-01 63 days 2,035 sqft
2019-11-01 65 days 2,026 sqft
2019-12-01 71 days 2,025 sqft
2020-01-01 68 days 2,000 sqft
2020-02-01 55 days 2,050 sqft
2020-03-01 52 days 2,094 sqft
2020-04-01 56 days 2,074 sqft
2020-05-01 62 days 2,146 sqft
2020-06-01 52 days 2,149 sqft
2020-07-01 46 days 2,148 sqft
2020-08-01 43 days 2,150 sqft
2020-09-01 44 days 2,142 sqft
2020-10-01 44 days 2,129 sqft
2020-11-01 46 days 2,123 sqft
2020-12-01 52 days 2,081 sqft
2021-01-01 56 days 2,048 sqft
2021-02-01 45 days 2,063 sqft
2021-03-01 40 days 2,040 sqft
2021-04-01 31 days 1,979 sqft
2021-05-01 25 days 1,936 sqft
2021-06-01 24 days 1,899 sqft
2021-07-01 24 days 1,978 sqft
2021-08-01 32 days 1,976 sqft
2021-09-01 38 days 1,978 sqft
2021-10-01 40 days 1,949 sqft
2021-11-01 37 days 1,910 sqft
2021-12-01 45 days 1,939 sqft
2022-01-01 47 days 1,969 sqft
2022-02-01 36 days 1,928 sqft
2022-03-01 30 days 1,925 sqft
2022-04-01 25 days 2,027 sqft
2022-05-01 26 days 2,034 sqft
2022-06-01 29 days 2,065 sqft
2022-07-01 29 days 1,996 sqft
2022-08-01 34 days 2,020 sqft
2022-09-01 39 days 2,048 sqft
2022-10-01 38 days 2,084 sqft
2022-11-01 40 days 2,043 sqft
2022-12-01 51 days 2,058 sqft
2023-01-01 52 days 2,024 sqft
2023-02-01 48 days 2,009 sqft
2023-03-01 46 days 1,996 sqft
2023-04-01 40 days 2,025 sqft
2023-05-01 38 days 2,088 sqft
2023-06-01 39 days 2,117 sqft
2023-07-01 39 days 2,146 sqft
2023-08-01 40 days 2,121 sqft
2023-09-01 38 days 2,104 sqft
2023-10-01 43 days 1,976 sqft
2023-11-01 46 days 2,000 sqft
2023-12-01 56 days 1,991 sqft
2024-01-01 54 days 1,957 sqft
2024-02-01 52 days 1,952 sqft
2024-03-01 45 days 1,991 sqft
2024-04-01 45 days 2,035 sqft
Little Rock's median listing age (time on market) for 2024-04-01 was 45 days. This is 13% longer than the same period one year ago.

Little Rock's median square footage for active listings during the 2024-04-01 period was 2,035 sqft. One year prior, the average listing was 2,025 sqft.